Sacramento

Aspen Square Management Sells Sacramento-Area Apartments

A 114-unit community in Carmichael, Calif., traded for a record-setting $203,000 per unit.

Madison Marquette, GFH Financial Group Buy 6-Building Senior Housing Portfolio

The joint venture purchased properties located in California, Washington and Michigan totaling 509 units.

California’s Apartment Industry Eyes Wildfire Recovery Plan

As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.

JV Breaks Ground on Sacramento Affordable Community

The two buildings totaling 65 units will serve veterans, low-income families and individuals with special needs in Roseville. The project is slated for completion in Fall 2020.

Sacramento Multifamily Report – Spring 2019

Limited housing supply and growing demographics continue to put pressure on the metro’s apartment market. Rents rose by 4.6 percent year-over-year through March, well above the national average.

Standard Communities to Renovate 128 Affordable Units in the Bay Area

The company acquired Parkside Villa Apartments and Rockwell Manor Apartments in Fairfield, Calif., and intends to invest $7 million in upgrades at both properties.

Rehab Complete on Affordable Sacramento-Area Property

Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.

29th Street Capital Names New SVP

The company has added Kevin Smith to lead its multifamily development activity. He brings 25 years of experience to his new position.

South Coast Commercial Buys NorCal Community

The firm financed the acquisition of the fully occupied Class B asset with a 15-year, $7 million mortgage from Banc of California.

SKK Developments, Grupe Co. Complete Sacramento Community

The newly completed property is located in the heart of Sacramento near major thoroughfares such as Interstate 80 and Freeway 50.